Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Richards Gordon School Building Title is generated by Realmo AI

    1619 Dayton Ave, Saint Paul, MN 55104

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Architecturally significant school building in Saint Paul available for rent.

    Type:Office
    Added:
    Aug 9, 2024
    Days on Market:
    648
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 1619 Dayton Ave

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1923

    Spaces For Lease

    at 1619 Dayton Ave Contact us

    Suite 323 $23/Mo

    Size
    1,593 SF
    Type
    Office
    Asking rent $3,054/month. Suite features six private offices, a kitchenette, and...
    show more
    Contact us

    Suite 105 $23/Mo

    Size
    1,501 SF
    Type
    Office
    Please call 952-767-4122 for more information. Asking Rent $2,877/month
    Contact us

    We can help!

    Listing Contact
    Clinton Blaiser

    Listing agent Clinton Blaiser License #MN

    Listing office HALVERSON and BLAISER GROUP

    Listing date Aug 9, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of HALVERSON and BLAISER GROUP

    HighLights

    • Historic building established in 1911
    • Architecturally significant Beaux‑Arts design
    • Designed by notable local architect Raymond R. Gauger
    • Constructed by contractor Paul Steenberg
    • Cream‑colored brick exterior with ornamental features
    • Overseen by the Saint Paul Board of Education

    Overview

    The Richards Gordon School, established in 1911 by the City of Saint Paul and overseen by the Saint Paul Board of Education, is an architectural landmark. Designed by local architect Raymond R. Gauger (1895-1977) and constructed by contractor Paul Steenberg (1885-1969), the school features a cream-colored brick exterior with ornamental details, reflecting the Beaux-Arts style.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Paul
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.1685774
    Latitude
    44.9477364

    Nearby Similar for Lease

    • Sponsored
      $129-$3,026/Mo
      11-1,292 SF

      St. Paul Town Square Tower

      445 Minnesota St, Unit 1500, Saint Paul, MN 55101
      View Details
    • Contact for pricing
      8,891 SF

      Creative Maker Space in St. Paul

      New industrial building with flexible whitebox suites for creative makers.
      740-756 Vandalia St, Saint Paul, MN 55114
      View Details
    • $18 SF/Yr

      Saint Paul Office Space For Rent

      Lower-level office suite with natural light and pond view.
      3252 Rice St, Saint Paul, MN 55126
      View Details
    • Contact for pricing
      62,008 SF

      Midway Marketplace Retail Space Available

      Retail space available in Midway Marketplace, 62,008-124,136 SF.
      1400 University Ave W, Saint Paul, MN 55104
      View Details
    • $9 SF/Yr

      Turnkey Office Space in St. Paul

      Modern office space suitable for medical, creative, or professional use.
      2375 University Ave W, Saint Paul, MN 55114
      View Details
    • Contact for pricing
      48,280 SF

      Medical Office Building in Maplewood

      Four-story medical office building with direct hospital access.
      1655 Beam Ave Saint, Paul, MN 55109
      View Details
    • Contact for pricing
      27,170 SF

      Mendota Heights Office Tech Park

      Eight-building office tech park in Mendota Heights, Minnesota.
      1160 Centre Pointe Dr Mendota, Heights, MN 55120
      View Details
    • Contact for pricing
      30,000 SF

      Mendota Heights Office Tech Park

      Eight-building office park with ample parking and freeway access.
      1179 Centre Pointe Cir Mendota, Heights, MN 55120
      View Details
    • Contact for pricing
      10,361 SF

      Stand-Alone Office/Commercial Building For Lease

      10,361 SF stand-alone office/commercial building available for lease.
      739 Vandalia St, Saint Paul, MN 55114
      View Details
    • Contact for pricing
      107,334 SF

      Twin Cities Innovation Center

      Move-in-ready office/tech campus in St. Paul, Minnesota.
      2340 Energy Park Dr Saint, Paul, MN 55108
      View Details
    • Contact for pricing
      169,180 SF

      Mendota Heights Logistics Center

      Conveniently located near major highways and Minneapolis-Saint Paul International Airport.
      1450-1500 Commerce Dr Mendota, Heights, MN 55120
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on Grand Avenue

      Retail space available for lease in St. Paul, Minnesota.
      870 Grand Ave, St Paul, MN 55105
      View Details

    FAQs

    What type of property is this?
    School - Architecturally significant school building in Saint Paul available for rent.
    Where is this school located?
    The property is located at 1619 Dayton Ave Saint Paul, MN.
    What are key features of this property?
    This property features: Historic building established in 1911; Architecturally significant Beaux‑Arts design; Designed by notable local architect Raymond R. Gauger
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Clinton Blaiser
    Real Estate License ID: MN
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1619 Dayton Ave, Saint Paul, MN 55104
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!